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How much sales revenue would Lucid Image need to generate

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Question - Lucid Images Ltd manufactures premium OLED televisions. The firm's fixed costs are $4,000,000 per year. The variable cost of each TV is $2000, and the TVs are sold for $3000 each. The company sold 5000 TVs during the previous year. With Covid-19, Lucid Images expects fixed costs to increase by 10% and a reduction in the sales price to $2500 in 2021.

In order for the company to break-even, how much sales revenue would Lucid Image need to generate in 2021?

Reference no: EM132569176

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